|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2402|
|Posts / Week:||6.8|
|Archived Since:||June 7, 2008|
Senators Mike Lee and Marco Rubio announced a bold and attractive tax plan today. I especially appreciate their desire to eliminate the current tax code's bias for debt over equity finance.
In my column on dynamic scoring, I wrote: [A]ccurate dynamic scoring requires more information than congressional proposals typically provide. For example, if a member of Congress proposes a tax cut, a key issue in estimating its effect is how future Congresses will respond to the reduced revenue. Show More Summary
Click here to read my column in Sunday's New York Times.
"genetic differences explained roughly 33% of the variations in individual savings rates."Read more here.
The Economic Report of the President was released today. A friend draws my attention to Table 1-3 on page 34, which presents several historical counterfactuals. It finds: 1. If productivity growth had not slowed after 1973, the median household would have $30,000 of additional income today.2. Show More Summary
I don't know the story behind this, but apparently a Kuznets heir is selling his Nobel Prize.
The Crimson reports on the good judgment of Harvard students:
Justin Wolfers says that, by the logic of game theory, the losing Superbowl coach does not deserve all the opprobrium he has been getting. I have been thinking the same thing.
If you are an undergraduate, this conference may be of interest.
A nice essay by Tim Taylor, very appropriate for introductory students.
Professor Lars Syll thinks I made of fool of myself in a previous post when I wondered why we have only recently started discussing income inequality so extensively, even though the increase in inequality occurred mainly between 1980 and 2000. Show More Summary
Grad students with an interest in economic theory should click here.
Grad students with an interest in the history of economic thought should click here.
Above are the seven guest lecturers for ec 10 this spring. How many do you recognize? A first-class econonerd would recognize them all.
This seems like a great opportunity for econ grad students.
Piketty and Saez have updated their famous one-percent graph to 2013. It is above. (Click on graphic to enlarge.)One thing that commentators sometimes fail to notice is that the big increase in the one percent's income share came from 1980 to 2000. Show More Summary
Why did employment grow by about 3 million in 2014? Here is the answer from a new paper: We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision of Congress in December 2013 not to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Show More Summary
Eddie writes: The share of the private workforce employed in the BLS-defined industries “financial activities” and “hospitals” decreased by about 5% between 2010 and 2014. Jobs in these industries pay 29% and 24%, respectively, above the economy mean. Show More Summary
Justin Wolfers documents: "in recent years around one in 100 [New York Times] articles mentions the term “economist,”...Far fewer articles mention the terms historian or psychologist, while sociologists, anthropologists and demographers rarely rate a mention."